laissez-fairePronunciation: /ˌlɛseɪˈfɛː, lɛsefɛʀ/Definition of laissez-faire noun [mass noun, usually as modifier] the policy of leaving things to take their own course, without interfering:a laissez-faire attitude to life Economics abstention by governments from interfering in the workings of the free market:laissez-faire capitalismDerivatives laissez-faireism noun Origin:French, literally 'allow to do'laissez-faire in other Oxford dictionaries Definition of laissez-faire in the US English dictionary